Investments

• Tuesday, June 2nd 2020 - 08:51 UTC

  Boeing confirms elimination of 12,000 US jobs, and more in “coming months”

  

  Boeing confirmed it was eliminating more than 12,000 US jobs, including 6,770 involuntary layoffs, as the largest US planemaker restructures in the face of the coronavirus pandemic. Boeing also disclosed it plans “several thousand remaining layoffs” in the coming months but did not say where those would take place.

• Monday, June 1st 2020 - 07:48 UTC

  Brazil's plane manufacturer Embraer expects to obtain a US$ 600 million credit from government

  

  Brazilian plane manufacturer Embraer SA, the world's third-largest commercial jet builder, should obtain US$600 million in credit lines from Brazil's state development bank BNDES and private banks in June, government sources said on Sunday.

• Monday, June 1st 2020 - 07:40 UTC

  Latam Brazil bailout could be delayed until at least July

  

  LATAM Airlines Group's U.S. bankruptcy filing last week will delay its potential bailout in Brazil to at least July and also push back aid to its rivals at least through the end of June.

• Monday, June 1st 2020 - 07:29 UTC

  NASA astronauts enter the Space Station after landmark journey on the Crew Dragon

  

  NASA astronauts entered the International Space Station on Sunday after a landmark 19-hour journey on the first crewed US spacecraft in nearly a decade, a triumph for SpaceX and private enterprise.

• Saturday, May 30th 2020 - 08:38 UTC

  Boeing dumped Embraer but the Brazilian plane maker has suitors from China, Russia and India

  

  Aircraft makers are circling Brazil’s Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with the matter said. Boeing axed plans to buy 80% of Embraer’s commercial unit in April, ending a planned move into regional jets that mirrored rival Airbus’ purchase in 2018 of a competing model developed by Canada’s Bombardier.

• Thursday, May 28th 2020 - 09:29 UTC

  IDB US$ 1,7bn loan for Uruguay to address the Covid-19 pandemic

  

  Uruguay's Economy minister Azucena Arbeleche confirmed that the Inter American Development Bank had awarded the country a 1,7bn dollars soft loan to address the sanitary, social and economic emergency as a consequence of the COVID-19 pandemic.

• Thursday, May 28th 2020 - 08:39 UTC

  Chile, once the darling of foreign investors, struggling with coronavirus, inequality and poor public services

  

  Chile's government is struggling to control a coronavirus outbreak that could revive mass social unrest as its hospital system comes under increasing pressure. With a population of 18 million, Chile is reporting new Covid-19 cases at a pace comparable to that of Spain at the peak of the virus' spread in March, on a per capita basis, and resources are close to maxed out in Latin America's wealthiest economy.

• Thursday, May 28th 2020 - 08:07 UTC

  American Airlines plan to reduce management and support staff by 30%

  

  American Airlines Group Inc must reduce its management and support staff by about 30% and may have to cut frontline employees as it downsizes due to the coronavirus outbreak, showed a letter to employees made public on Wednesday.

• Wednesday, May 27th 2020 - 08:19 UTC

  LATAM Airlines files for bankruptcy in US; Brazil and Argentina subsidiaries out of the request

  

  LATAM Airlines Group, the continent's largest carrier, filed for U.S. bankruptcy protection, Chapter 11, on Tuesday, becoming the world's largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic. The filing includes Latam Peru, Chile, Ecuador, and Colombia, but leaves out Latam Brazil, Argentina and Paraguay.

• Wednesday, May 27th 2020 - 08:08 UTC

  Mexican auto industry picks up with approved safety measures

  

  Mexico's auto industry reopening picked up the pace on Tuesday, with Fiat, Chrysler, and BMW AG joining peers in gradually dusting off operations even as the wait for approvals slowed the return of Ford Motor Co and other companies.